Kraken has just announced that Chief Operating Officer Dave Ripley will replace Co-founder and CEO Jesse Powell, who will transition to the board’s Chairman role.
Dave, who has worked with Jesse for the last six years to create a future of financial freedom and equality, will take over as CEO once the search for his replacement is complete.
Ripley is an excellent leader at Kraken who has helped expand their business and increase productivity. While completing over 16 acquisitions and securing several regulatory licenses and agreements, he expanded Kraken’s workforce from 50 to over 3,000.
Kraken will continue to invest in developing new products under his direction, aiming to assist customers at all stages of their cryptocurrency journey.
Meanwhile, Powell, the Kraken’s biggest shareholder, will continue to serve as the company’s chairman of the board. Moreover, a year has passed since the co-founder announced his intention to stand aside, and in that time, the exchange has searched for and finally settled on Ripley.
The Former Kraken Leader Has Made a Public Statement
Powell has complete faith in Dave Ripley as the right person to take Kraken into its next phase of expansion because of his track record as a leader and wealth of knowledge. In addition, he is excited to focus more on the company’s products, the customer experience, and his role as an advocate for the industry at large.
Notably, Powell argued in June with a few workers who were more concerned with “little slights and first world concerns” than with advancing the company’s goals. The leader of Kraken said that workers dissatisfied with their work environment may always resign.
In the meanwhile, Powell becomes the latest CEO to announce his retirement. Michael Moro, founder of Genesis Trading, and Michael Saylor, founder and CEO of MicroStrategy, have just stepped down from their respective companies’ leadership positions.
